• Pittsford Village Green
  • 71 Monroe Ave, Pittsford, NY 14534
  • 585.248.5870

benefits blueprint

Strategic Planning

The first step in building your Benefits Blueprint is formulating a Strategic Plan. After working with you to create and implement short- and long-term strategic goals, we set benchmarks to help measure progress and conduct regular re-evaluations to ensure that your direction is in line with your goals.

Review & Assessment

All of our projects begin with understanding the current offering; what exactly is being offered and to whom, why was it put in place, what are the pros and cons of maintaining these plans and when is the logical and/or necessary time to make changes. Once this framework has been established, we review the available options and begin to discuss the “trade-offs” between these options.

Determine Gaps & Excess

Once we understand the current plans, our next step will be to identify opportunities in order to improve the financial efficiency of the offering and optimize the effectiveness of the benefits.

Identify Funding Options

The key with funding arrangements is to understand the trade-offs and then evaluate the risk tolerance of the decision makers. Funding options are discussed in greater detail in the “Healthcare Solutions” section of the Benefits Blueprint.

Present Alternative Plan Designs

There are numerous plan design options, and the choice of one will be driven in large part by the discussion regarding the risk continuum. Some of the options are:

  • High Deductible Health Plans
  • Copay Plans
  • Hybrid Plans
  • Incorporating HRAs and/or HSAs

Of course, within the options above, there are multiple components we will evaluate such as copays, deductibles, coinsurance, Rx benefits (built in or carved out), etc.

Provide Recommendations

Objective analysis of the above data, supporting client input and applicable legal/legislative issues, is followed by an unbiased recommendation that is designed to meet short-term and long-term goals. Ultimately, you the client choose the course of action you are most comfortable with for your organization.

Develop Implementation Cycle

Our unparalleled commitment to customer service begins with establishing a complete implementation cycle to ensure proper execution of the program. We will walk you through the implementation cycle, taking care of every aspect of the plan from your current assessment to next year’s assessment. Our knowledge and experience will help manage both the process and your involvement in the process.

Schedule Key Review/Evaluation Periods

The increasing complexity of healthcare and health insurance necessitates a continuous evaluation of your benefits program. At Bond, we integrate this process within the framework of your business model through regular reviews with all decision makers. We then supplement this with ongoing employee education.

Implement Support Plan

At Bond, we function as an extension of your HR Department. We recognize the significant resources you invest in your benefits program and ensure that this communicated to employees. Employees that have a true understanding of their benefits package will place greater value on it. We believe employee education and employee advocacy are critical to the success of any program; these are further discussed in the “Education” and “Advocacy” sections of the Benefits Blueprint.